Conversion Opportunity
66 / 66A South Street, Ilkeston, DE7 5QJ
FOR SALE (MAY LET)
Freehold Redevelopment/Conversion Opportunity
OVERVIEW Change of use consent for A3 (Restaurant and Cafe) & A4 (Drinking Establishments) to the ground floor. Planning permission to convert upper floor to three apartments. Prominent location. Approximately 100m from the pedestrianised Market Place.
LOCATION
BUSINESS RATES
Ilkeston is a Derbyshire market town within the Borough of Erewash close to both Derby (10 miles south west) and Nottingham (7 miles east). The town has good connectivity with the M1, J25 is situated 2 miles to the south east and the recently opened train station which has further improved links to the area.
The premises are currently listed as having the following Rateable Values:
The property is located on South Street which is a short walk from the pedestrianised Market Place which is the town's primary retail area. The immediate area around the subject property comprises a mixture of local and independent retailers together with several bars and cafes.
66 South Street Shop and premises £8,000 66a South Street Offices and premises £3,350 Interested parties are advised to contact the Local Billing Authority for further clarification.
TENURE The property is available on a freehold basis with full and vacant possession.
DESCRIPTION
PRICE
The property comprises a two storey building of traditional masonry construction currently offering ground floor retail use with independent ground floor access to the first floor which was last utilised as offices.
Offers in the region of £240,000.
The ground floor is currently trading as a confectioners and benefits from a display window frontage with an external canopy. The retail area is open plan rising toward the rear of the property where there is a substantial storage area and rear loading via a shared access from Albert Street albeit this is slightly limited. The first floor is accessed from South Street and leads to a range of cellular rooms which are of a basic 'shell' construction but benefit from selfcontained WC and kitchen facilities. Given the property's town centre location there is no allocated parking although there are several pay and display car parks within a short distance from the property.
ACCOMMODATION The accommodation has been measured on a Net Internal Area basis in accordance with the RICS Code of Measuring Practice (6th Edition). Ground Floor: 230.55m2 / 2,482sq.ft First Floor: 127.50m2 / 1,372sq.ft Second Floor: 37.81m2 / 407sq.ft* Total Net Internal Area: 395.86m2 / 4,261sq.ft * not measured
PLANNING In accordance with planning consent ERE/0617/0008 the property has permission to change the existing commercial building to create a ground floor public house/restaurant with three apartments above.
SERVICES It is understood that all mains services are either connected or available to the property.
VAT It is our understanding that VAT is not payable with this transaction. All figures quoted are exclusive of VAT. Purchasers must satisfy themselves as to the VAT position if necessary by taking the appropriate professional advice.
LEGAL COSTS Each party are to pay their own legal costs in connection with the transaction.
VIEWING Strictly by appointment with sole agent BB&J Commercial.
CONTACT Chris Keogh 01332 292825 [email protected]
LOCATION MAP
PROPERTY IMAGES
Note: Plans, maps and drawings are not to scale. Paper copying licence No. LIG1025 Date Updated: 14Sep2017
ENERGY PERFORMANCE RATING
FOR SALE (MAY LET)
Freehold Redevelopment/Conversion Opportunity
OVERVIEW Change of use consent for A3 (Restaurant and Cafe) & A4 (Drinking Establishments) to the ground floor. Planning permission to convert upper floor to three apartments. Prominent location. Approximately 100m from the pedestrianised Market Place.
LOCATION
BUSINESS RATES
Ilkeston is a Derbyshire market town within the Borough of Erewash close to both Derby (10 miles south west) and Nottingham (7 miles east). The town has good connectivity with the M1, J25 is situated 2 miles to the south east and the recently opened train station which has further improved links to the area.
The premises are currently listed as having the following Rateable Values:
The property is located on South Street which is a short walk from the pedestrianised Market Place which is the town's primary retail area. The immediate area around the subject property comprises a mixture of local and independent retailers together with several bars and cafes.
66 South Street Shop and premises £8,000 66a South Street Offices and premises £3,350 Interested parties are advised to contact the Local Billing Authority for further clarification.
TENURE The property is available on a freehold basis with full and vacant possession.
DESCRIPTION
PRICE
The property comprises a two storey building of traditional masonry construction currently offering ground floor retail use with independent ground floor access to the first floor which was last utilised as offices.
Offers in the region of £240,000.
The ground floor is currently trading as a confectioners and benefits from a display window frontage with an external canopy. The retail area is open plan rising toward the rear of the property where there is a substantial storage area and rear loading via a shared access from Albert Street albeit this is slightly limited. The first floor is accessed from South Street and leads to a range of cellular rooms which are of a basic 'shell' construction but benefit from selfcontained WC and kitchen facilities. Given the property's town centre location there is no allocated parking although there are several pay and display car parks within a short distance from the property.
ACCOMMODATION The accommodation has been measured on a Net Internal Area basis in accordance with the RICS Code of Measuring Practice (6th Edition). Ground Floor: 230.55m2 / 2,482sq.ft First Floor: 127.50m2 / 1,372sq.ft Second Floor: 37.81m2 / 407sq.ft* Total Net Internal Area: 395.86m2 / 4,261sq.ft * not measured
PLANNING In accordance with planning consent ERE/0617/0008 the property has permission to change the existing commercial building to create a ground floor public house/restaurant with three apartments above.
SERVICES It is understood that all mains services are either connected or available to the property.
VAT It is our understanding that VAT is not payable with this transaction. All figures quoted are exclusive of VAT. Purchasers must satisfy themselves as to the VAT position if necessary by taking the appropriate professional advice.
LEGAL COSTS Each party are to pay their own legal costs in connection with the transaction.
VIEWING Strictly by appointment with sole agent BB&J Commercial.
CONTACT Chris Keogh 01332 292825 [email protected]
LOCATION MAP
PROPERTY IMAGES
Note: Plans, maps and drawings are not to scale. Paper copying licence No. LIG1025 Date Updated: 14Sep2017
ENERGY PERFORMANCE RATING
